Mastek Ltd

NSE: MASTEK BSE: 523704

₹1651.20

(1.62%)

Thu, 15 Oct 2026, 05:37 am

MTF 5xInvest in Mastek Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)5038.54

PE Ratio12.33

Dividend1.48

Technology Services

Information Technology Services

24.5K

Mastek Income Statement

Income Statement Balance Sheet Cashflow

Particulars	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total revenue	5.67B	6.88B	7.94B	8.94B	9.43B	7.14B	5.93B	8.98B	9.11B	10.02B	5.25B	5.60B	8.17B	10.33B	10.71B	17.22B	21.84B	25.63B	30.55B	34.55B
Gross profit	780.23M	1.01B	1.20B	1.49B	1.51B	2.12B	881.64M	1.51B	1.68B	1.65B	987.54M	1.06B	1.68B	2.12B	2.26B	4.43B	5.94B	5.85B	6.86B	7.42B
Operating expenses (excl. COGS)	-120.00M	-132.28M	-168.20M	-199.10M	-115.04M	-1.53B	-1.36B	-1.17B	-1.17B	-1.57B	-980.46M	-675.70M	-864.60M	-979.10M	-1.12B	-1.07B	-1.69B	-1.93B	-2.63B	-3.19B
Selling/general/admin expenses, total	—	—	—	—	—	-1.45B	-1.33B	-1.11B	-1.15B	-1.53B	-962.44M	-650.00M	-832.20M	-924.40M	-1.07B	-1.01B	-1.57B	-1.93B	-2.63B	-3.19B
Research & development	—	—	—	—	—	0	0	—	—	0	0	0	—	—	—	—	—	—	0	0
Selling/general/admin expenses, other	—	—	—	—	—	-1.45B	-1.33B	-1.11B	-1.15B	-1.53B	-962.44M	-650.00M	-832.20M	-924.40M	-1.07B	-1.01B	-1.57B	-1.93B	-2.63B	-3.19B
Other operating expenses, total	-120.00M	-132.28M	-168.20M	-199.10M	-115.04M	-82.32M	-30.90M	-54.19M	-20.12M	-38.99M	-18.02M	-25.70M	-32.40M	-54.70M	-54.40M	-57.50M	-123.30M	0	0	0
Operating income	660.24M	875.43M	1.03B	1.29B	1.39B	647.18M	-480.68M	340.22M	512.96M	89.25M	7.09M	383.10M	819.70M	1.14B	1.14B	3.36B	4.24B	3.92B	4.22B	4.23B
Non-operating income, total	60.00M	123.76M	128.47M	161.27M	71.90M	28.55M	-74.52M	233.50M	164.52M	133.46M	157.80M	7.50M	140.60M	192.00M	304.00M	33.50M	237.20M	358.40M	-362.70M	364.00M
Interest expense, net of interest capitalized	-4.14M	-2.60M	-3.48M	-32.70M	-45.04M	-13.11M	-6.95M	-2.90M	-6.80M	-14.71M	-5.03M	-37.70M	-58.60M	-61.30M	-31.90M	-81.00M	-76.80M	-247.20M	-351.10M	-420.60M
Interest capitalized	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non-operating income, excl. interest expenses	72.10M	126.36M	131.95M	193.97M	116.94M	41.85M	204.41M	236.40M	204.36M	264.78M	193.35M	79.20M	199.20M	247.80M	388.40M	114.50M	314.00M	774.40M	25.20M	157.20M
Non-operating interest income	11.70M	13.99M	22.60M	36.33M	34.27M	49.16M	49.81M	53.66M	44.46M	56.79M	25.54M	25.20M	15.20M	26.60M	35.80M	42.80M	27.90M	0	20.20M	53.80M
Miscellaneous non-operating expense	60.39M	112.37M	109.34M	157.64M	82.67M	-7.31M	154.60M	182.74M	159.90M	207.99M	167.81M	54.00M	184.00M	221.20M	352.60M	71.70M	286.10M	774.40M	5.00M	103.40M
Unusual income/expense	-7.96M	—	—	—	—	-191.00K	-271.99M	—	-33.05M	-116.61M	-30.52M	-34.00M	—	5.50M	-52.50M	0	0	-168.80M	-36.80M	627.40M
Pretax income	720.24M	999.19M	1.16B	1.46B	1.46B	675.74M	-555.20M	573.72M	677.47M	222.71M	164.89M	390.60M	960.30M	1.33B	1.44B	3.39B	4.48B	4.27B	3.86B	4.59B
Taxes	-77.00M	-156.26M	-292.91M	-196.87M	-50.78M	1.42M	-4.24M	-126.48M	-159.52M	-45.41M	-27.44M	-66.50M	-260.70M	-319.20M	-302.70M	-875.80M	-1.15B	-1.17B	-752.20M	-832.30M
Non-controlling/minority interest	-56.77M	-116.88M	-42.93M	0	0	0	0	0	0	0	0	0	0	0	-49.50M	-424.00M	-382.90M	-172.60M	-106.80M	0
After tax other income/expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net income before discontinued operations	534.50M	690.91M	795.79M	1.26B	1.41B	677.16M	-559.43M	447.24M	517.96M	177.31M	137.45M	324.10M	699.60M	1.01B	1.09B	2.09B	2.95B	2.93B	3.00B	3.76B
Net income	534.50M	690.91M	795.79M	1.26B	1.41B	677.16M	-559.43M	447.24M	517.96M	177.31M	137.45M	324.10M	699.60M	1.01B	1.09B	2.09B	2.95B	2.93B	3.00B	3.76B
Dilution adjustment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	534.50M	690.91M	795.79M	1.26B	1.41B	677.16M	-559.43M	447.24M	517.96M	177.31M	137.45M	324.10M	699.60M	1.01B	1.09B	2.09B	2.95B	2.93B	3.00B	3.76B
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	904.31M	1.17B	1.33B	1.62B	1.69B	855.39M	-192.79M	633.97M	841.68M	462.60M	167.62M	532.40M	1.01B	1.32B	1.38B	3.81B	4.67B	4.59B	5.12B	4.98B
EBIT	660.24M	875.43M	1.03B	1.29B	1.39B	588.09M	-480.68M	340.22M	512.96M	89.25M	7.09M	383.10M	819.70M	1.14B	1.14B	3.36B	4.24B	3.92B	4.22B	4.23B
Total operating expenses	-5.01B	-6.01B	-6.92B	-7.65B	-8.04B	-6.49B	-6.41B	-8.64B	-8.60B	-9.93B	-5.25B	-5.22B	-7.35B	-9.19B	-9.58B	-13.86B	-17.60B	-21.72B	-26.32B	-30.32B
Prepaid expenses	13.15M	5.38M	0	10.17M	10.90M	2.63M	1.10B	64.76M	54.43M	165.32M	37.85M	47.60M	59.80M	68.40M	78.20M	143.80M	246.10M	381.30M	492.40M	739.40M
Deferred income, current	—	—	—	—	—	—	—	—	389.60M	370.48M	174.53M	102.10M	82.20M	15.60M	483.80M	702.40M	632.30M	602.50M	758.40M	1.11B
Capital and operating lease obligations	5.30M	3.24M	2.67M	8.29M	2.03M	0	4.13M	12.40M	13.54M	8.57M	1.78M	0	0	0	124.30M	68.60M	80.40M	224.90M	215.50M	163.90M
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	—	—	—	—	—	—	0	0	0	—	—	265.40M	186.50M	207.80M	147.30M	183.10M	212.40M	296.10M	335.40M	133.90M
Deferred income, non-current	0	0	0	0	0	0	0	—	—	0	0	0	0	—	—	—	—	—	—	—
Minority interest	284.13M	296.38M	0	0	0	0	0	0	0	0	0	0	0	0	1.37B	1.82B	1.50B	911.00M	0	0
Change in accrued expenses	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	-133.24M	-252.18M	-212.65M	-266.68M	-282.21M	-298.07M	-39.37M	0	-117.48M	-97.39M	-92.04M	-23.30M	-106.90M	-177.30M	-314.80M	-136.20M	-475.20M	-574.10M	-581.00M	-586.00M
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Particulars	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total revenue	5.67B	6.88B	7.94B	8.94B	9.43B	7.14B	5.93B	8.98B	9.11B	10.02B	5.25B	5.60B	8.17B	10.33B	10.71B	17.22B	21.84B	25.63B	30.55B	34.55B
Gross profit	780.23M	1.01B	1.20B	1.49B	1.51B	2.12B	881.64M	1.51B	1.68B	1.65B	987.54M	1.06B	1.68B	2.12B	2.26B	4.43B	5.94B	5.85B	6.86B	7.42B
Operating expenses (excl. COGS)	-120.00M	-132.28M	-168.20M	-199.10M	-115.04M	-1.53B	-1.36B	-1.17B	-1.17B	-1.57B	-980.46M	-675.70M	-864.60M	-979.10M	-1.12B	-1.07B	-1.69B	-1.93B	-2.63B	-3.19B
Selling/general/admin expenses, total	—	—	—	—	—	-1.45B	-1.33B	-1.11B	-1.15B	-1.53B	-962.44M	-650.00M	-832.20M	-924.40M	-1.07B	-1.01B	-1.57B	-1.93B	-2.63B	-3.19B
Research & development	—	—	—	—	—	0	0	—	—	0	0	0	—	—	—	—	—	—	0	0
Selling/general/admin expenses, other	—	—	—	—	—	-1.45B	-1.33B	-1.11B	-1.15B	-1.53B	-962.44M	-650.00M	-832.20M	-924.40M	-1.07B	-1.01B	-1.57B	-1.93B	-2.63B	-3.19B
Other operating expenses, total	-120.00M	-132.28M	-168.20M	-199.10M	-115.04M	-82.32M	-30.90M	-54.19M	-20.12M	-38.99M	-18.02M	-25.70M	-32.40M	-54.70M	-54.40M	-57.50M	-123.30M	0	0	0
Operating income	660.24M	875.43M	1.03B	1.29B	1.39B	647.18M	-480.68M	340.22M	512.96M	89.25M	7.09M	383.10M	819.70M	1.14B	1.14B	3.36B	4.24B	3.92B	4.22B	4.23B
Non-operating income, total	60.00M	123.76M	128.47M	161.27M	71.90M	28.55M	-74.52M	233.50M	164.52M	133.46M	157.80M	7.50M	140.60M	192.00M	304.00M	33.50M	237.20M	358.40M	-362.70M	364.00M
Interest expense, net of interest capitalized	-4.14M	-2.60M	-3.48M	-32.70M	-45.04M	-13.11M	-6.95M	-2.90M	-6.80M	-14.71M	-5.03M	-37.70M	-58.60M	-61.30M	-31.90M	-81.00M	-76.80M	-247.20M	-351.10M	-420.60M
Interest capitalized	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non-operating income, excl. interest expenses	72.10M	126.36M	131.95M	193.97M	116.94M	41.85M	204.41M	236.40M	204.36M	264.78M	193.35M	79.20M	199.20M	247.80M	388.40M	114.50M	314.00M	774.40M	25.20M	157.20M
Non-operating interest income	11.70M	13.99M	22.60M	36.33M	34.27M	49.16M	49.81M	53.66M	44.46M	56.79M	25.54M	25.20M	15.20M	26.60M	35.80M	42.80M	27.90M	0	20.20M	53.80M
Miscellaneous non-operating expense	60.39M	112.37M	109.34M	157.64M	82.67M	-7.31M	154.60M	182.74M	159.90M	207.99M	167.81M	54.00M	184.00M	221.20M	352.60M	71.70M	286.10M	774.40M	5.00M	103.40M
Unusual income/expense	-7.96M	—	—	—	—	-191.00K	-271.99M	—	-33.05M	-116.61M	-30.52M	-34.00M	—	5.50M	-52.50M	0	0	-168.80M	-36.80M	627.40M
Pretax income	720.24M	999.19M	1.16B	1.46B	1.46B	675.74M	-555.20M	573.72M	677.47M	222.71M	164.89M	390.60M	960.30M	1.33B	1.44B	3.39B	4.48B	4.27B	3.86B	4.59B
Taxes	-77.00M	-156.26M	-292.91M	-196.87M	-50.78M	1.42M	-4.24M	-126.48M	-159.52M	-45.41M	-27.44M	-66.50M	-260.70M	-319.20M	-302.70M	-875.80M	-1.15B	-1.17B	-752.20M	-832.30M
Non-controlling/minority interest	-56.77M	-116.88M	-42.93M	0	0	0	0	0	0	0	0	0	0	0	-49.50M	-424.00M	-382.90M	-172.60M	-106.80M	0
After tax other income/expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net income before discontinued operations	534.50M	690.91M	795.79M	1.26B	1.41B	677.16M	-559.43M	447.24M	517.96M	177.31M	137.45M	324.10M	699.60M	1.01B	1.09B	2.09B	2.95B	2.93B	3.00B	3.76B
Net income	534.50M	690.91M	795.79M	1.26B	1.41B	677.16M	-559.43M	447.24M	517.96M	177.31M	137.45M	324.10M	699.60M	1.01B	1.09B	2.09B	2.95B	2.93B	3.00B	3.76B
Dilution adjustment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	534.50M	690.91M	795.79M	1.26B	1.41B	677.16M	-559.43M	447.24M	517.96M	177.31M	137.45M	324.10M	699.60M	1.01B	1.09B	2.09B	2.95B	2.93B	3.00B	3.76B
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	904.31M	1.17B	1.33B	1.62B	1.69B	855.39M	-192.79M	633.97M	841.68M	462.60M	167.62M	532.40M	1.01B	1.32B	1.38B	3.81B	4.67B	4.59B	5.12B	4.98B
EBIT	660.24M	875.43M	1.03B	1.29B	1.39B	588.09M	-480.68M	340.22M	512.96M	89.25M	7.09M	383.10M	819.70M	1.14B	1.14B	3.36B	4.24B	3.92B	4.22B	4.23B
Total operating expenses	-5.01B	-6.01B	-6.92B	-7.65B	-8.04B	-6.49B	-6.41B	-8.64B	-8.60B	-9.93B	-5.25B	-5.22B	-7.35B	-9.19B	-9.58B	-13.86B	-17.60B	-21.72B	-26.32B	-30.32B
Prepaid expenses	13.15M	5.38M	0	10.17M	10.90M	2.63M	1.10B	64.76M	54.43M	165.32M	37.85M	47.60M	59.80M	68.40M	78.20M	143.80M	246.10M	381.30M	492.40M	739.40M
Deferred income, current	—	—	—	—	—	—	—	—	389.60M	370.48M	174.53M	102.10M	82.20M	15.60M	483.80M	702.40M	632.30M	602.50M	758.40M	1.11B
Capital and operating lease obligations	5.30M	3.24M	2.67M	8.29M	2.03M	0	4.13M	12.40M	13.54M	8.57M	1.78M	0	0	0	124.30M	68.60M	80.40M	224.90M	215.50M	163.90M
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	—	—	—	—	—	—	0	0	0	—	—	265.40M	186.50M	207.80M	147.30M	183.10M	212.40M	296.10M	335.40M	133.90M
Deferred income, non-current	0	0	0	0	0	0	0	—	—	0	0	0	0	—	—	—	—	—	—	—
Minority interest	284.13M	296.38M	0	0	0	0	0	0	0	0	0	0	0	0	1.37B	1.82B	1.50B	911.00M	0	0
Change in accrued expenses	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	-133.24M	-252.18M	-212.65M	-266.68M	-282.21M	-298.07M	-39.37M	0	-117.48M	-97.39M	-92.04M	-23.30M	-106.90M	-177.30M	-314.80M	-136.20M	-475.20M	-574.10M	-581.00M	-586.00M
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0